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MXC Mexco Energy Corporation

Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm focuses on the Midland Basin located in Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties; and Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico, and Loving County. The company was founded in April 1972 and is headquartered in Midland, TX.

Company profile

Ticker
MXC
Exchange
NYSEAMERICAN
Website
www.mexcoenergy.com
CEO
Nicholas C. Taylor
Employees
Incorporated
Colorado
Location
Texas
Fiscal year end
Mar 31
Sector
Energy Minerals > Oil & Gas Production
Industry (SIC)
Crude Petroleum & Natural Gas
Anadarko Petroleum • Marathon Oil • Occidental Petroleum • Apache • Chesapeake Energy • Devon Energy • EOG Resources • Pressburg • Ovintiv • California Resources ...
SEC CIK
0000066418
Corporate docs
IRS number
840627918

MXC stock data

(
)

Calendar

6 Aug 20
8 Aug 20
31 Mar 21

News

Company financial data Financial data

Chart MXC financial data
Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 370.46K 643.29K 769.78K 625.88K
Net income -299.67K 2.3K 35.2K -82.79K
Diluted EPS -0.15 0 0.02 -0.04
Net profit margin -80.89% 0.36% 4.57% -13.23%
Operating income -281.38K 14.16K 44.79K -74.77K
Net change in cash 18.16K -28.91K -7.2K -79.86K
Cash on hand 52.54K 34.38K 63.3K 70.5K
Annual (USD) Mar 20 Mar 19 Mar 18 Mar 17
Revenue 2.74M 2.69M 2.71M 2.53M
Net income -99.48K -12.95K -321.49K -694.55K
Diluted EPS -0.05 -0.01 -0.16 -0.34
Net profit margin -3.63% -0.48% -11.88% -27.50%
Operating income -63.68K 8.35K -232.24K -542.65K
Net change in cash -93.87K -364.36K 419.16K 39.44K
Cash on hand 34.38K 128.25K 492.61K 73.45K

Financial data from company earnings reports

Recent insider trades

MXC insider ownership history Insider history
Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
23 Mar 20 Michael J Banschbach MXC COMMON STOCK Buy Aquire P No 1.65 20 33 20,257
19 Mar 20 Thomas H Decker MXC COMMON STOCK Buy Aquire P No 1.9 4,900 9.31K 39,090
19 Mar 20 Thomas H Decker MXC COMMON STOCK Buy Aquire P No 1.89 100 189 34,190
19 Mar 20 Michael J Banschbach MXC COMMON STOCK Buy Aquire P No 1.8 500 900 20,237
19 Mar 20 Michael J Banschbach MXC COMMON STOCK Buy Aquire P No 2.05 500 1.03K 19,737
16 Mar 20 Michael J Banschbach MXC COMMON STOCK Buy Aquire P No 2.33 600 1.4K 19,237
13 Mar 20 Michael J Banschbach MXC COMMON STOCK Buy Aquire P No 2.73 300 819 18,637
12 Mar 20 Thomas H Decker MXC COMMON STOCK Buy Aquire P No 2.75 1,247 3.43K 34,090
12 Mar 20 Michael J Banschbach MXC COMMON STOCK Buy Aquire P No 2.55 500 1.28K 18,337
11 Mar 20 Thomas H Decker MXC COMMON STOCK Buy Aquire P No 2.75 3,749 10.31K 32,843
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

MXC institutional ownership history Ownership history
1.4% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 7 6 +16.7%
Opened positions 2 0 NEW
Closed positions 1 2 -50.0%
Increased positions 0 1 EXIT
Reduced positions 1 3 -66.7%
13F shares
 Current Prev Q Change
Total value 63K 64K -1.6%
Total shares 28.48K 16.27K +75.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
Susquehanna International 13K $29K NEW
Bridgeway Capital Management 12.8K $28K 0.0%
MS Morgan Stanley 2.5K $6K 0.0%
Victory Capital Management 155 $0 -2.5%
Stonebridge Capital Advisors 22 $0 0.0%
WFC Wells Fargo & Company 6 $0 NEW
Proequities 0 $0
Largest transactions
 Shares Bought/sold Change
Susquehanna International 13K +13K NEW
DB Deutsche Bank 0 -785 EXIT
WFC Wells Fargo & Company 6 +6 NEW
Victory Capital Management 155 -4 -2.5%
Proequities 0 0
MS Morgan Stanley 2.5K 0 0.0%
Bridgeway Capital Management 12.8K 0 0.0%
Stonebridge Capital Advisors 22 0 0.0%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • We had a net loss of $99,478 for the year ended March 31, 2020 compared to a net loss of $12,946 for the year ended March 31, 2019. This is primarily the result of a decrease in natural gas sales, an increase in operating expenses and interest expense partially offset by increase in oil sales that is further explained below.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: abandonment, agreed, Aid, allocation, analyzing, announcement, applicable, ASC, assessing, attributable, Avalon, Bone, cancelled, captured, combination, commonly, competent, competitive, component, confirming, counterparty, creditworthy, cutting, data, deemed, deep, delayed, Department, depressed, designate, designated, dropped, effort, eligible, enacted, entity, equity, exporting, exposed, exposure, extend, extending, extension, formation, forward, framework, gain, gathered, goodwill, hierarchy, hybrid, identical, ii, iii, implemented, improved, independent, index, inflation, input, instrument, intent, intraperiod, iv, law, lowest, Martin, multiple, notional, observable, offered, ongoing, OPEC, outweigh, overhead, ownership, pandemic, paycheck, payroll, policy, PPP, President, prioritized, program, public, publicly, published, put, reaching, referred, reflect, reflected, regular, Relief, remediation, SBA, separate, setoff, sharply, Simplifying, small, span, Spring, stabilize, stable, subsidiary, subsidize, terminated, transaction, Trump, unable, understanding, undue, unobservable, unpredictable, unrealized, Unsettled, Upper, utilized, variability, versa, vi, vice, vii, Wolfcamp, yield
Removed: amounting, August, computation, connection, Devon, excluded, finance, greater, high, initial, lawsuit, lessee, maintenance, million, model, modified, noncurrent, Ohio, pattern, promissory, ranged, recognition, recognize, reduced, remain, retrospective, ROU, September, settlement, standard, state, Subsequently, twelve, Utica
From filing 10-Q 2021 Q1

Financial reports

View all
10-Q
2021 Q1
Quarterly report
6 Aug 20
10-K
2020 FY
Annual report
26 Jun 20
10-Q
2020 Q3
Quarterly report
12 Feb 20
10-Q
2020 Q2
Quarterly report
13 Nov 19
10-Q
2020 Q1
Quarterly report
14 Aug 19
10-K
2019 FY
Annual report
24 Jun 19
10-Q
2019 Q3
Quarterly report
12 Feb 19
10-Q
2019 Q2
Quarterly report
9 Nov 18
10-Q
2019 Q1
Quarterly report
10 Aug 18
10-K
2018 FY
Annual report
27 Jun 18

Current reports

View all
8-K
Mexco Energy Corporation Reports Financial Results for First Quarter and Future Plans
6 Aug 20
8-K
Mexco Energy Corporation Reports Financial Results for Fiscal 2020
29 Jun 20
8-K
Mexco Energy Corporation Reports Financial Results for the Third Quarter and New Properties
12 Feb 20
8-K
Mexco Energy Corporation Reports Financial Results for First Quarter and Development of Properties
13 Nov 19
8-K
Submission of Matters to a Vote of Security Holders
16 Sep 19
8-K
Mexco Energy Corporation Reports Financial Results for First Quarter and Development of Properties
14 Aug 19
8-K
Mexco Energy Corporation Reports Financial Results for Fiscal 2019 and Plans for Development of Properties
24 Jun 19
8-K
Mexco Energy Corporation Reports Third Quarter and Oil and Gas Drilling Results
13 Feb 19
8-K
Entry into a Material Definitive Agreement
31 Dec 18
8-K
Mexco Energy Corporation Reports Results for Second Quarter and Property Development
9 Nov 18

Registration and prospectus

S-8
Registration of securities for employees
2 Oct 19
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jul 13
S-8
Registration of securities for employees
5 Mar 10
S-8
Registration of securities for employees
14 Feb 06
8-A12B
Registration of securities on exchange
5 Sep 03

Proxies

View all
DEF 14A
Definitive proxy
21 Jul 20
DEF 14A
Definitive proxy
16 Jul 19
DEF 14A
Definitive proxy
23 Jul 18
DEF 14A
Definitive proxy
24 Jul 17
DEF 14A
Definitive proxy
22 Jul 16
DEF 14A
Definitive proxy
23 Jul 15
DEF 14A
Definitive proxy
24 Jul 14
DEF 14A
Definitive proxy
25 Jul 13
DEF 14A
Definitive proxy
20 Jul 12
DEF 14A
Definitive proxy
27 Jul 11

Other

UPLOAD
Letter from SEC
15 Apr 11
CORRESP
Correspondence with SEC
6 Apr 11
CORRESP
Correspondence with SEC
22 Mar 11
UPLOAD
Letter from SEC
9 Mar 11
CORRESP
Correspondence with SEC
22 Feb 11
UPLOAD
Letter from SEC
8 Feb 11
CORRESP
Correspondence with SEC
28 Jan 11
UPLOAD
Letter from SEC
14 Jan 11

Ownership

View all
4
MEXCO ENERGY / Michael J Banschbach ownership change
8 Apr 20
4
MEXCO ENERGY / THOMAS H DECKER ownership change
20 Mar 20
4
MEXCO ENERGY / THOMAS H DECKER ownership change
13 Mar 20
4
MEXCO ENERGY / THOMAS H DECKER ownership change
11 Mar 20
4
MEXCO ENERGY / THOMAS H DECKER ownership change
6 Mar 20
4
MEXCO ENERGY / TAMMY MCCOMIC ownership change
6 Mar 20
4
MEXCO ENERGY / THOMAS H DECKER ownership change
26 Feb 20
4
MEXCO ENERGY / THOMAS H DECKER ownership change
21 Feb 20
3
MEXCO ENERGY / THOMAS H DECKER ownership change
1 Oct 19
SC 13D/A
Mexco Energy Corp
21 Nov 18